Search

Costco Wholesale Corp decreased 1.7% to 543.49 after the membership warehouse retailer reported better-than-expected quarterly results. 

Net sales in  the fourth quarter ending in September increased 9.4% to $77.43 billion from $70.76 billion a year ago. 

Comparable companywide sales, adjusted for gasoline prices and foreign exchange, increased 3.8% and the U.S. sales rose 3.1% from a year ago. 

Net income in the quarter increased to $2.16 billion from $1.868 billion and diluted earnings per share rose to $4.86 from $4.20 a year earlier. 

  • 27 Sep, 2023

 

Target Corp edged slightly higher to $109.55 after the company said it plans to close nine stores in several states after repeated theft incidences, store violence and crime. 

The retail chain said it will shutter stores in New York City, Seattle, Portland and San Francisco-Oakland area. 

  • 27 Sep, 2023

 

Amazon.com Inc declined 2.5% to $127.96 after the online retailer and marketplace operator was sued by the Federal Trade Commission and attorney generals of 17 states accused company of "monopoly power" and charge higher prices for customers and unlawfully exclude rivals. 

  • 26 Sep, 2023

 

United Natural Foods Inc dropped 23% to $14.44 after the company reported weaker-than-expected sales in its latest quarter and forecasted additional weakness in sales and operating earnings in the current quarter. 

Revenue in the fiscal fourth quarter ending in July increased 2.0% to $7.4 billion but the company swung to a net loss of $68 million from a profit of $39 million and diluted earnings per share was ($1.15) compared to 63 cents a year ago. 

The company forecasted fiscal 2024 revenue between $30.9 billion and $31.5 billion and net loss between $110 and $36 million and diluted loss per share between 60 cents and $1.86. 

  • 26 Sep, 2023

 

Thor industries rose 1.% to $95.68 after the company reported revenue declined 28.4% in its latest quarter of $2.74 billion. 

Net income in the quarter declined to $90.3 million from $280.9 million and diluted earnings per share fell to $1.68 from $5.15 a year ago.  

The company also forecasted revenue to decline in the next fiscal year to between $10.5 billion and $11.0 billion from $11.2 billion in fiscal 2023. 

  • 26 Sep, 2023

 

HP Inc decreased .2% to $26.77 after Berkshire Hathaway sold 4.8 million shares held by the conglomerate for approximately for $130 million. 

  • 25 Sep, 2023

 

Amazon.com Inc inched higher 1.3% to $130.65 after the company said it plans to invest up to $4 billion in artifiical intelligence tools developer Anthropic, a rival to ChatGPT developer OpenAI. 

  • 25 Sep, 2023

 

Activision Blizzard Inc gained 1.9% to $93.93 after the U.K. regulators said new proposal from Microsoft met several terms required to clear the purchase of game developer for $69 billion.  

  • 22 Sep, 2023

 

Scholastic Corp dropped 14.5% to $33.28 after the publishing company reported lower-than-expected revenue and earnings in its latest quarter. 

Revenue in the fiscal first quarter ending in August declined 13% to $228.5 million reflecting continuing softness in retail sales. 

Net loss surged to $74.2 million from $45.5 million and diluted loss per share expanded to $2.33 from $1.33 a year ago. 

  • 22 Sep, 2023

 

McDonald's Corp advanced 0.7% to $273.0 after the fast food chain operator said it plans to increase its royalty fees charged to franchisee operators to 5% from 4%. 

McDonald's has not increased the fee for several decades but the company also charges for store rent, digital infrastructure and other marketing services.  

  • 22 Sep, 2023

 

The Federal Reserve said it will hold the fed funds target range at 22-year high between 5.25% and 5.50% but also held out for another rate hike later in the year, after the conclusion of two-day meeting. 

Policymakers appeared divided after mixed economic signals, but committee members prefer more restrictive interest rate policy in future. 

The Fed's projection released showed that policymakers are likely to increase rates higher one more time at the next meeting in November, but are also estimating fewer rate cuts in 2024. 

Policymakers now estimate the fed funds rate at 5.6% by the year's end, the same as in the June forecast, while rates are expected to be higher at 5.1% in 2024, compared to 4.6% estimated at the end of June meeting.

Committee members sharply revised higher economic growth outlook to 2.1% from the previous estimate of 1.0% released in June, and 2024 GDP rate of 1.5% compared to 1.1%. 

  • 20 Sep, 2023

 

Cisco Systems Inc decreased 4% to $53.26 after the company agreed to acquire cybersecurity company Splunk Inc for $157 a share or $28 billion in cash. 

Splunk jumped 21.1% to $144.82 after the deal announcement. 

  • 21 Sep, 2023

 

FedEx Corp increased 4.6% to $262.09 after the parcel delivery company reported better-than-expected quarterly results and earnings rose despite the decline in revenue. 

Revenue in the fiscal first quarter ending in August declined 7% to $21.6 billion from $23.6 billion and net income jumped 23% to $1.0 billion from $875 million and diluted earnings per share rose 27% to $4.23 from $3.33 from a year ago. 

  • 21 Sep, 2023

 

Darden Restaurants, Inc fell 1.5% to $147.72 after the company said same store sales at its comparable fine dining locations declined 2.8% in the fiscal first quarter ending on August 27. 

Consolidated comparable sales increased 5% driven by rise of 6.0% at Olive Garden stores and 8.1% jump at Long Horn Steak House locations.  

Revenue in the quarter increased to $2.7 billion from $2.4 billion and net income rose to $194.5 million from $193 million and diluted earnings per share rose to $1.59 from $1.56 a year ago. 

The company declared a dividend of $1.31 a share payable on November to shareholders on record on October 10. 

During the quarter, the company repurchased 0.9 million shares for a total of $143 million, and at the end of the quarter $509 million were still available in its $1 billion stock repurchase program. 

  • 21 Sep, 2023

 

Starbucks Corp decreased 25 cents to $94.94 after the company said announced to hike its quarterly dividend by 7.5% to 57 cents a share from 53 cents payable on November 24 to shareholders on record November 10. 

The coffee retailer opened a $220 million distribution and manufacturing facility in China, second largest market for the company. 

  • 21 Sep, 2023